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Mexico, Sri Lanka, Pakistan and Afghanistan lead war on journalism: watchdog
VIENNA, April 25, 2007 (AFP) – A media watchdog on Wednesday described 2006 as the “most savage and brutal” year on record for journalists with 100 media professionals killed across the world. It was a “war on journalism,” said Johann Fritz, director of the International Press Institute. “With 100 journalists killed, 2006 was the most […]
Sri Lanka vows to destroy Tiger planes
COLOMBO, April 25, 2007 (AFP) – Sri Lanka Wednesday vowed to destroy the Tamil Tigers’ air capability, a day after the guerrillas killed six soldiers and wounded 13 in a bombing of a key military base.The Sri Lankan air force said that the Liberation Tigers of Tamil Eelam (LTTE) had used a single aircraft to […]
Sri Lanka president to attend World Cup
April 25, 2007 (AFP) – Sri Lankan President Mahinda Rajapakse will fly to Barbados to cheer the national team in the cricket World Cup final later this week, a senior aide said on Wednesday. “It is almost certain that the president will leave on Thursday at the invitation of the Prime Minister of Barbados,” said […]
Port Funds
April 25, 2007 (LBO) –The Asian Development Bank (ADB) Wednesday inked a deal with the Sri Lanka government to lend 300 million dollars to expand Colombo port that it said would help keep Sri Lanka’s shipping costs down. Finance Ministry secretary P.B. Jayasundera said the government will chip in with 180 million dollars, and expects […]
Real Issue
April 24, 2007 (LBO) – High negative real rates paid to savers have seen deposit growth at Sri Lanka’s National Savings Bank plunge to a record low in 2006, the bank’s latest accounts show. NSB said it was the first state sector enterprise to present its annual report to the public. NSB’s deposits grew by […]
Tougher Rules
April 24, 2007 (LBO) – Tough new corporate governance rules were being made mandatory to make the markets more attractive to foreign and local investors, Sri Lanka’s capital market regulators said. The SEC has also put in rules on money laundering, but so far no prosecutions have been made. We firmly believe it to be […]
Fraud Warning
April 24, 2007 (LBO) – The Central Bank of Sri Lanka is warning the public against payment card fraud following the discovery of a massive fraud in the United Kingdom which has been linked with Sri Lanka’s Tamil Tigers. “This scam which has been said to be running for several years has involved in cloning […]
‘s central bank keeps key rates unchanged
MUMBAI, April 24, 2007 (AFP) – The Reserve Bank of India on Tuesday left key short-term borrowing rates unchanged as it seeks to keep economic growth on track despite inflation running well above its comfort zone.The RBI’s decision had been widely expected following a series of rate hikes but significantly, the central bank also tweaked […]
‘s body released by Jamaica coroner: report
KINGSTON, April 24, 2007 (AFP) – The body of murdered Pakistan cricket coach Bob Woolmer has been ordered by a coroner to be released to his family in South Africa, the Daily Gleaner newspaper reported Tuesday.The body of the 58-year-old former England international has been in judicial limbo since March 18 when he was found […]
Experience vital for Jayawardene
KINGSTON, Jamaica, April 23, 2007 (AFP) – Sri Lanka captain Mahela Jayawardene is backing his side’s greater experience to see them through their World Cup semi-final against New Zealand.The teams meet Tuesday here at Sabina Park in the opening last four match of the first World Cup ever staged in the Caribbean, the victors facing […]